patrick.net

PeopleUnited says

l if cryptos are still going strong in 20 years

Will you still be alive in 20 years? Serious question.

personal

JPMorgan, led by bitcoin skeptic Jamie Dimon, quietly unveils access to a half-dozen crypto funds
https://www.cnbc.com/2021/08/05/bitcoin-jpmorgan-led-by-jamie-dimon-quietly-unveils-access-to-a-half-dozen-crypto-funds.html?source=patrick.net

Wells Fargo: Cryptocurrency Has Entered 'Hyper-Adoption Phase'
https://news.bitcoin.com/wells-fargo-cryptocurrency-hyper-adoption-phase/?source=patrick.net

Bitcoin is coming to hundreds of U.S. banks this year, says crypto custody firm NYDIG
https://www.cnbc.com/2021/05/05/bitcoin-is-coming-to-hundreds-of-us-banks-says-crypto-firm-nydig-.html?source=patrick.net

FJB says

PeopleUnited says

if cryptos are still going strong in 20 years

Will you still be alive in 20 years? Serious question.

The actuarial tables indicate that is indeed extremely likely. But on the other hand I expect that before the decade is over, there will be the beginnings of a one world government and that could change everything from life expectancies to personal liberties to economic conditions. If any of us are still alive then I expect we will all be using the same currency, and it won’t be physical, it will be 100% digital.

And for the record I’m all for making wise investments. I just tend to believe the investment experts and the evidence that cryptos are an expensive fad that will achieve their intrinsic value which just so happens to be significantly less than what most of them currently trade at. So if I can invest a grand today and double or triple my money and then cash out in the next 2-3 years I’m in. Was able to do that with precious metals buying near the bottom and selling near the top several years ago, I just don’t see that happening with any certainty in the crypto sphere. Volatility doesn’t even begin to describe cryptos.

STELLAR > $XLM > LOW COST CROSS-BORDER PAYMENTS & REMITTANCE FOR ANY CURRENCY TRADE

What if the hokey pokey, IS what it's all about?

FJB says

It's getting interesting:



Could go either way. I'm still hoping for a serious crash.

It's followed the green path to a T so far. Still below the 20 DMA though.

FJB 40k+/- is a tough neighborhood brother and is a logical tgt to start some buying at least a few Satoshi in that area if it gets there
under 38k is a far reach imo....

$link



What Is a Blockchain Oracle?
Oracles provide a way for the decentralized Web 3.0 ecosystem to access existing data sources, legacy systems, and advanced computations. Decentralized oracle networks (DONs) enable the creation of hybrid smart contracts, where on-chain code and off-chain infrastructure are combined to support advanced decentralized applications (dApps) that react to real-world events and interoperate with traditional systems.
https://chain.link/education/blockchain-oracles

https://www.investopedia.com/articles/investing/052014/why-bitcoins-value-so-volatile.asp?source=patrick.net
Why Does BTC Fluctuate so Much?
Bitcoin's price fluctuates because it is influenced by supply and demand, investor and user sentiments, government regulations, and media hype. All of these factors work together to create price volatility.

How High Can Bitcoin's Price Go?
It's rare to watch cryptocurrency news and not see an investor or fan's opinion of how high Bitcoin's price will get. Unfortunately, it is unknown how high or low the cryptocurrency's price will go.

Is Bitcoin Safe to Buy?
You can buy Bitcoin on government-approved cryptocurrency exchanges like Coinbase. If you're looking to use Bitcoin to preserve capital or grow your assets, its price is highly volatile—there is no guarantee that you will see any returns; you're just as likely to lose everything you invest as you are to make any gains.

FJB 1 reason crypto maybe staying sideways is tax season which is my preference.

IBM WORLDWIRE > $XLM + $SHx [ANCHOR BRIDGE CURRENCIES] [[STABLECOINS]]


Money Money Money MONEY!!!

FJB
Just a bit of clarification to my approach in consideration of the crypto market.
CBDC are coming and regulation as well. The legacy system of SWIFT is like
using a 1929 stock model T in a race with Tesla's Model S EV car and why 1 of
my largest holdings is XRP as the premiere fast, cheap, ODL cross boarder pmt sys.

CBDCs depending on who gets to create and govern is the big question and concern.
However XRP maybe 1 of the most important cogs in the metrics of CBDC regardless
of the creator and governance. Definitely speculation at this time, but in my opinion is well
with in my risk appetite. XRP can be used exchange from them all.

DooDahMan says

https://www.ibtimes.com/nearly-half-crypto-owners-first-bought-digital-assets-2021-survey-3460247?source=patrick.net

Thanks for sharing the article, many in the US have led a privileged life with little exposure to the hardships civilians have to put
up with in other third world, developing and emerging markets. Americans in many ways have become of the mind they are so important they are entitled which we all see or experience this most every day rather from family members or out in public. I dont know about anyone else but I clearly see a different global monetary system on tract and on it's way for this year or very early next year and it will be a massive shock to the majority, changes in the SWIFT system sched. for Nov. 2022 alone should make things very interesting.

Ripple – Banks Go All-in!
Top banks like the Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) are using XRP (CRYPTO:XRP) for payments!
https://www.fool.ca/2022/03/24/ripple-banks-go-all-in/?source=patrick.net

Cash says

Ripple – Banks Go All-in!
Top banks like the Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) are using XRP (CRYPTO:XRP) for payments!

WTF do banks care. If their gamble doesn't pay off, they just cry they are a societal necessity and get a bail out. Of course they are taking any and every moral hazard and risk. WTF is your point?

https://watcher.guru/news/goldman-sachs-to-offer-crypto-services-for-private-wealthy-clients?source=patrick.net
“There’s a contingent of clients who are looking to this asset as a hedge against inflation, and the macro backdrop
over the past year has certainly played into that,” Rich said.

Just a word of warning if you hold your crypto with the banksters you might as well hold cash.
If your crypto is not under your control as the saying goes if they are not your keys they are not your crypto.

Big banks no longer able to ignore crypto demand
https://www.axios.com/big-banks-wall-street-cryptocurrencies-attention-fb5fecf0-ed21-4ef8-8692-9eeb83622ca1.html?source=patrick.net

As Wall Street banks embrace crypto, high-flying start-ups look to lure top finance talent
https://www.msn.com/en-us/money/markets/as-wall-street-banks-embrace-crypto-high-flying-start-ups-look-to-lure-top-finance-talent/ar-AAVLUYU?source=patrick.net

Factbox: How U.S. banks are dipping their toes in the crypto water
https://www.reuters.com/business/finance/how-us-banks-are-dipping-their-toes-crypto-water-2022-04-05/?rpc=401&source=patrick.net
April 5 (Reuters) - Last week, a top U.S. banking regulator warned of growing risks as banks start to capitalize on the popularity
of cryptocurrencies to offer related services to clients.
Here is how some of the biggest banks operating in the United States have gotten involved in crypto:

Zak says

WTF do banks care. If their gamble doesn't pay off, they just cry they are a societal necessity and get a bail out. Of course they are taking any and every moral hazard and risk. WTF is your point?

1st I could not care less about your opinions you are welcome to them, everyone has them right or wrong nor do I care if you get anything from whats shared
on this post or get the point whats so ever, it matters not to me.

With that being said there is a global "Currency War" and all that money leaving the money changers hands (legacy monetary systems) which at peak was 2.9+trillion
with far superior technology in many ways is definitely concerning to governments and their institution.

DooDahMan says

See comment #2 on this: https://patrick.net/post/1344461/2022-04-05-profits-soar-as-u-s-corporations-have-b

A recent report has also shown that Bitcoin mining revenue rose 206% in 2021 despite many countries cracking down on crypto mining and China even banning it. The US has become the nation with the most Bitcoin miners.

Awesome share...
You can lead a horse to____

2022 Global State of Crypt
https://www.gemini.com/state-of-crypto?source=patrick.net
Download the report it's free and full of stats and graphs..

WATCH: Dr. Malone Says He Will Expose 4,000 World Economic Forum Names Via Blockchain
https://welovetrump.com/2022/04/04/watch-dr-malone-says-he-will-expose-4000-world-economic-forum-names-via-blockchain/?source=patrick.net
In a recent speech, given in front of a crowd of freedom truckers, Dr. Malone announced that he has a spreadsheet of 4,000 individuals
connected to the World Economic Forum.

https://patrick.net/post/1344030?120#comment-1831934

Cash says

To be fair, at around that time, behemoths like Global Crossing, WorldCom, Lucent Technologies, etc, went into the toilet. The fact of the matter was the hi-speed access was too expensive as T3 lines were only affordable for big corporations.

Sure, some of today's mainstays have survived and even prospered, but do you want to be this person who bought Cisco at its peak ...

https://patrick.net/post/1341757?40#comment-1794348

Is the bitcoin blithe tulip statute of limitations up yet so that hate boys can show up again?

I love a well planned scheme coming together, getting me some more coins to stash .
https://patrick.net/post/1344030?120#comment-1831934

I'm starting my test buys at BTC 39k_ish

"Oscar-Nominated Ridley Scott To Produce Ethereum Movie 'The Infinite Machine'"

https://www.benzinga.com/markets/cryptocurrency/22/04/26755761/oscar-nominated-ridley-scott-to-produce-ethereum-movie-the-infinite-machine?source=patrick.net

Pretty cool. I am investor in Ethereum coins. My avg cost is about 700 and I sold some holdings between 3500-4000.
I believe Ethereum can hit 20,000 USD within the next few years.

DooDahMan says

Fidelity will reportedly start offering investors to add Bitcoin to their retirement 401(k) accounts later in 2022.

Freaking awesome news!! Importance piece to the mass adoption narrative.

https://entrepreneurshandbook.co/the-doom-loop-161a42bbcd50?source=patrick.net

Why do the acolytes of Lord Satoshi preach the gospel with such passion? Because we know that in order to create circular self-sustaining pockets of economic action that use Bitcoin as the sole payment method, we must infect as many minds as possible with our memetic narrative.

This is especially important because of how successful Bitcoin has been from a price appreciation standpoint. The meteoric rise of Bitcoin from nothing to a $1 trillion dollar plus asset in the span of a decade created the HODL culture. HODLers will not sell their Bitcoin at any price. And these folks, myself included, spend fiat and save Bitcoin. Fiat depreciates in real terms year after year, while Bitcoin is the best performing asset EVER created.

However, Bitcoin– unlike gold– must be used to have value. Miners spend energy to maintain the Bitcoin network. To cover their costs, miners must receive payment in a token that is socially valuable. Bitcoin therefore must move, and movement between parties is the antithesis of HODL culture. HODL culture taken to its f(x): maxima would result in the complete destruction of Bitcoin. Once all bitcoin has been minted and miners no longer receive sufficient income from network rewards in the form of newly minted Bitcoin, they must rely on transaction fees instead. If no Bitcoin changes hands because we all sit smugly clutching our USB sticks, then there will be no hashpower supporting the network. No network … no value.

Therefore, as a loyal subject of Lord Satoshi, I must do my part to evangelise the good word, and hopefully they can influence their domestic policy makers to create a fertile environment that promotes a farm-to-table Bitcoin economy.

Patrick says

However, Bitcoin– unlike gold– must be used to have value

Sounds like a pump and dump scheme,

PeopleUnited says

Patrick says

However, Bitcoin– unlike gold– must be used to have value

Sounds like a pump and dump scheme,

Then stocks and cash would be a pump and dump scheme too.

The Bitcoin haters never really come up with a reason why Bitcoin is bad. They are simple unwilling to learn technology. Hence most of the Bitcoin haters still use landlines and flip phones.